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U.S. Crude Oil Inventories

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U.S. Crude Oil Inventories

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Latest Release
Nov 14, 2024
Actual
2.089M
Forecast
0.400M
Previous
2.149M
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
Importance:
Country:
Currency: USD
Source: Energy Information Administrat...
U.S. Crude Oil Inventories
 
Release Date Time Actual Forecast Previous
Nov 14, 2024 11:00 2.089M 0.400M 2.149M
Nov 06, 2024 10:30 2.149M 0.300M -0.515M
Oct 30, 2024 09:30 -0.515M 1.500M 5.474M
Oct 23, 2024 09:30 5.474M 0.800M -2.191M
Oct 17, 2024 10:00 -2.191M 1.800M 5.810M
Oct 09, 2024 09:30 5.810M 2.000M 3.889M

News

European stocks rise; eurozone GDP rose in Q3
European stocks rise; eurozone GDP rose in Q3 By Investing.com - 9 hours ago

Investing.com - European stock markets rose Thursday, with investors digesting a deluge of corporate earnings as well as regional growth and employment data.  At 10:05 ET (15:05 GMT), the DAX index in...

Oil prices prices rise after IEA report; EIA data due
Oil prices prices rise after IEA report; EIA data due By Investing.com - 10 hours ago

Investing.com-- Oil prices rose Thursday, rebounding after declines earlier in the week due to a stronger US dollar, while traders digest the latest monthly report from the International Energy...

Analysis

Phil Flynn
The Energy Report: If I Could Turn Back Time By Phil Flynn - Nov 01, 2024 1

If I could turn back time, If I could find a way! The secret to comedy is timing. The same is true and commodity option trading and sometimes buyers are asking if they could turn back time just three...

Phil Flynn
The Energy Report: New October High By Phil Flynn - Oct 24, 2024 1

Oil prices hit a new October high price for West Texas Intermediate as record-breaking global oil demand is getting harder to ignore. The Biden/Harris foreign policy is leading to more instability...

Crude Oil Inventories Discussion

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All Comments (151)
Yash Thakare
Yash Thakare Oct 17, 2024 10:49AM ET
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todays inventories should be low crudeoil going to up but according to sources upcoming days crudeoil consolidate at lower price!!
Manish Kshirsagar
Manish Kshirsagar Aug 28, 2024 11:59AM ET
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CRUDOIL ALSO  DEPENDED market price
Gajanan Jagdale
Gajanan Jagdale Aug 28, 2024 1:14AM ET
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WTI prices softened in Asian session on Tuesday, following a 3 per cent rally on Monday, and gaining over 6 per cent in the past five sessions amid renewed geo-political risks and optimism surrounding the US rate cut. WTI crude rose 3.46 per cent to $77.42 on Monday and Brent crude increased 3.05 per cent to $81.43. The spike was driven by Israel's pre-emptive strike on Hezbollah in Lebanon and a 48-hour state of emergency declaration. Additionally, Libya's eastern-based government announced the closure of all oil fields, halting production and exports.
sahadev potphode
sahadev potphode Aug 24, 2024 3:16AM ET
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prices increase
Minwoo Lim
Minwoo Lim Jul 04, 2024 1:26AM ET
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I told you so
Minwoo Lim
Minwoo Lim Jul 03, 2024 7:58AM ET
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going bull today.
NITIN TAMBE
NITIN TAMBE May 09, 2024 3:53AM ET
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Yesterdays Crude inventory is Bullish or Bearish. Any one can explain.
Syed Ahsan
Syed Ahsan Apr 25, 2024 2:47AM ET
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hi yesterday Act inventory is -6.368 & forecast is 1.6 - but Oil prices are the almost same - it should go on higher side - am I right - Please guide.
Syed Ahsan
Syed Ahsan Apr 25, 2024 2:43AM ET
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Jeremias Miaca
Jeremias Miaca Mar 04, 2024 9:18AM ET
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I got question for all the us crude oil is going to be bearish in this week ? or bullish according to the resources forecasted
 
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